asd33313131

11 ms·

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by asd33313131 8y ago
Most of the applicants/cohort right now have a dabbled on their own (picked up htm/css/js) for a while and this is their big push, so 5 months ends up being appropriate. We will see how that scales though. We think that if so
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by asd33313131 8y ago
A lot of the program is project work and those sometimes require several people with different skills (e.g. UI/UX, a couple full-stack, manager). I think ultimately we'll be taking in different skill-training simultaneously (i.e.
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by asd33313131 8y ago
With zero skills and no technical training in any field, it is a big stretch, you're right. Most of the applicants come in with something to work with -- self-study, training in another field, etc. As the market develops (and financing
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by asd33313131 8y ago
Totally agree. I think in the future -- as the market for income share agreements becomes more sophisticated there will be marginal rates. Right now the complexity tradeoff for the customer and the financing means we aren't doing it fo
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by asd33313131 8y ago
Under $40k, nothing owed. We are for-profit. We think that model can help us scale faster than the tax advantage of the non-profit can help us. Larger non-profits can play a role in the future of this market though, with various guarantees
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by asd33313131 8y ago
3) If they drop out, we cut the amount of months owed to the proportion of the program attended. So if they do 50% of the program and drop out, they owe only 12 months (50% of 24).
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by asd33313131 8y ago
The $40,000 threshold is inclusive. So if their income is equal to our greater than $40,000, they owe 15%. If they ever dip below $40,000 payments stop until it goes back up to $40,000.
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by asd33313131 8y ago
15% is from gross income. There's an indifference point, you're right, but most people don't optimize like that we found at Leif with a lot of other schools.
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by asd33313131 8y ago
We use a company called Leif (my former company). They handle all of the income verification and collection. The ultimate truth is from tax returns. The vast majority of people self-report accurate incomes, however.
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by asd33313131 8y ago
Our focus is on paying the students a livable wage to have time to learn. We want to pay as much money out to them as possible. Most of our work is self-paced or project-based, and while their are people to help guide them, we want the maxi
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by asd33313131 8y ago
We think this type of model (paying people to learn) is part of a bigger macro trend: content widely available on the internet, better learning tools, more work remotely. I think one day we will go international (and recoup investment via s
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by asd33313131 8y ago
No specific location, just need the right to work in the US - Everything is remote/online
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by asd33313131 8y ago
We like to see some evidence that they want to do software development. E.g. they have some small projects or they've been doing some self-study or courses. We have several uber drivers in our cohort right now actually.
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by asd33313131 8y ago
Yep, UX is one of the fields we think work well with this model although we aren't doing it right now, I think we will in the future.
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by asd33313131 8y ago
No penalties, we actually think this clause is probably not necessary. We work with trainees for so long during the program that ideally they would find it natural to work for us (or for our staffing clients).
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by asd33313131 8y ago
Drop us an email at support@modernlabor.com
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by asd33313131 8y ago
Haha! Thanks for the feedback!
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by asd33313131 8y ago
Thanks! We think that we can do this model with most knowledge-based work: data science, business, product, finance, paralegal, etc.
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by asd33313131 8y ago
Thanks! Up-skilling as opposed to learning junior-level skills only is where we think the market will expand to generally in the future.
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by asd33313131 8y ago
At the moment they pay back regardless of their field. On the one hand, we are giving out cash (not just instruction). On the other, we believe that coding skills can be used in many areas outside of a software development job (business, pr
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by asd33313131 8y ago
Yep, many of the applicants have experience in some kind of technology, whether programming or something else. We actually think this sort of re-skilling is going to be very common in the future.
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by asd33313131 8y ago
That's similar what we're going for, apprenticeship. We think that hands-on projects help people learn very fast. Some of the projects are from us (specifically designed for learning), and some of them are real-world. As for union
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by asd33313131 8y ago
At the moment, you need the right to work in the US in order to do the program.
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by asd33313131 8y ago
Yep, we cap the payment at $30,000. So if they hit that amount, obligations back to us cease. We help with recruiting as well. If we don't offer them a role with us and our staffing company at the end of the program, we help them find
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Launch HN: Modern Labor (YC W19) – Paying People to Learn to Code
229 points by asd33313131 8y ago|261 comments
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Four times borrowing $300k for undergrad is worth it(medium.com)
2 points by asd33313131 8y ago|0 comments
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by asd33313131 8y ago
Leif Technologies, Inc. | Software Engineers | NYC | ONSITE | https://leif.org | Full-time We are solving the student debt crisis with income-based finance. Full-stack, back-end, front-end, engineering manager We did a major dea
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by asd33313131 9y ago
Leif Technologies, Inc. | Software Engineers | NYC | ONSITE | https://leif.org | Full-time We are solving the student debt crisis with income-based finance. Full-stack or backend We did a major deal with a YC company called Lamb
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by asd33313131 9y ago
These guys do a cheap computer https://pi-top.com/